Laureate Education plans $1 bln IPO

April 23, 2015 7:27 PM

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April 23 (Reuters) - Laureate Education Inc, the world's biggest for-profit education chain, is in talks with banks for a $1 billion initial public offering, Bloomberg reported, citing people familiar with the matter.

Laureate Education, which has former U.S. President Bill Clinton as its honorary chancellor, has been meeting potential underwriters for the IPO, which could value it at about $5 billion, Bloomberg said on Thursday. (bloom.bg/1K9KA23)